Morgan, TX (zip code 76671) is a small town located near the city of Waco. The two bedroom rent in this area is $830 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index for Morgan, TX is 94 compared to 100 in the US. This makes living in Morgan more affordable and attractive for those looking for an inexpensive place to stay. Local companies in Morgan range from restaurants such as Rodeo Mexican Restaurant and Bar-B-Q Pit Stop to stores like G&G Outdoors and Half Price Grocery which offer residents goods at discounted prices. In addition, there are several craft stores such as The Snooty Fox Boutique and J&J Paints that sell handmade items made by local artists. Finally, locals can find services like Hometown Auto Repair which offers maintenance for vehicles or Birdman Cleaners which provides quality laundry service. All of these businesses work together to provide Morgan with a thriving economy that helps keep costs low and encourages people to move here for better job opportunities.
Morgan (zip 76671) has an unemployment rate of 5.6%. The US average is 6.0%.
Morgan (zip 76671) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Morgan (zip 76671)
- The Sales Tax Rate for Morgan (zip 76671) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Morgan (zip 76671) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morgan (zip 76671)
- The average income of a Morgan (zip 76671) resident is $33,616 a year. The US average is $37,638 a year.
- The Median household income of a Morgan (zip 76671) resident is $61,402 a year. The US average is $69,021 a year.